The State Council held a conference on the import and export situation in the first half of 2023, the spokesman for the General Administration of Customs at the meeting, according to preliminary customs statistics, the first half of this year, cross-border e-commerce in the “buy global, sell global” advantages and potential continue to release, import and export 1.1 trillion yuan, an increase of 16% year-on-year. Among them, exports 821 billion yuan, an increase of 19.9%, imports of 276 billion yuan, an increase of 5.7%, continue to maintain a good momentum of development, and effectively help China’s foreign trade stable scale and excellent structure.

China’s annual import and export scale of cross-border e-commerce
2022 for the first time exceeded 2 trillion yuan

The scale of China’s cross-border e-commerce imports and exports exceeded RMB 2 trillion for the first time, reaching RMB 2.1 trillion, up 7.1% from 2021, and cross-border e-commerce has injected new kinetic energy into the development of China’s foreign trade.

In recent years, China’s cross-border e-commerce has been developing rapidly, and its advantages and potentials in “buying and selling globally” have continued to be released, with more and more consumers around the world enjoying more choices and convenience brought by cross-border e-commerce.
According to China Customs statistics, in 2022, China’s cross-border e-commerce import and export scale accounted for 4.9% of the total import and export value of the national trade in goods, accounting for basically the same proportion as in 2021. Among them, exports amounted to 1.53 trillion yuan, an increase of 10.1%, accounting for 6.4% of the total value of national exports; imports amounted to 527.8 billion yuan, a decrease of 0.8%, accounting for 2.9% of the total value of national imports.
Among the destinations of China’s cross-border e-commerce exports, the U.S. market accounted for 34.3% and the U.K. accounted for 6.5%; among the sources of imports, Japan accounted for 21.7% of China’s total cross-border e-commerce imports and the U.S. accounted for 17.9%. Among the export commodities, consumer goods accounted for 92.8%, of which apparel, shoes and bags accounted for 33.1%, and cell phones and other electronic products accounted for 17.1%; among the import commodities, consumer goods accounted for 98.3%, of which beauty and toiletries accounted for 28.4%, and food and fresh food accounted for 14.7%.

This year, cross-border e-commerce continues to maintain growth momentum. Customs survey of enterprises shows that more than 70% of enterprises expect stable or growth in cross-border e-commerce import and export in 2023.

Source: State Council Information Office, Xinhua, CCTV.


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